Altcoins Talks - Cryptocurrency Forum
Further Discussions => General Discussion => Topic started by: Buysell(BULL) on March 19, 2020, 01:48:57 PM
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Any thoughts about this
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The gains follow one of the worst crashes in the digital currency’s history, which saw it lose more than half of its value in a series of panicked sell-offs last week. The crash mirrored the fortunes of traditional markets and came amid global economic turmoil caused by the Covid-19 coronavirus pandemic.
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Why do we need only thoughts or something like that? You already can track anything you want with current BTC price and let us know how it reflects it, I hope something is done right with it, I bet BTC will only rise cause of that cause many currencies fall to USD.
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This pandemic will impact the price of everything, so that includes Bitcoin too.
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The impact of the Covid-19 was felt that the price of cryptocurrencies declined sharply. In some of the major countries exposed to the spread of the Covid-19 virus, many people are channeling funds to real money. It is done to buy the basic necessities that every country requires people to isolate themselves at home.
But, this impact I think doesn't last long because the Bitcoin price is back pumping. But seeing the Altcoin running is very slow in responding to the rising Bitcoin price.
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Buysell, honestly, I think that this COVID-19 pandemic of coronavirus will do nothing with BTC in a bad way.
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Undoubtedly, at the initial stage when a pandemic was announced in China, the news about this played out on the Bitcoin course. After the World Health Organization announced a pandemic, this news no longer had any effect.
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We can already see that this did not affect the cost of bitcoin. On the contrary, the price is rising and it pleases.
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Bitcoin did drop a lot at the beginning of the pandemic though.
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The gains follow one of the worst crashes in the digital currency’s history, which saw it lose more than half of its value in a series of panicked sell-offs last week. The crash mirrored the fortunes of traditional markets and came amid global economic turmoil caused by the Covid-19 coronavirus pandemic.
Yes, I certainly accept it. It is simply the truth.
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Corona virus has a major influence on the world economy, as evidenced by this virus the global economy has decreased, many offices closed, many factories closed and many employees were fired. But not with Bitcoin, indeed at the beginning of the emergence of the Corona virus, the price of Bitcoin has fallen, but in recent days the price of Bitcoin has increased significantly, while the Corona virus hasn't stopped.